Court-Ordered Sale - Prime Development Opportunity in Central Summerland. Exceptional development property ideally located in the heart of Summerland. The existing home sits across two 25' x 120' lots, offering outstanding potential under the highly attractive CB1 zoning, which permits up to 100% lot coverage. The development possibilities here are extensive - build two individual commercial buildings or explore a mixed-use commercial/residential project. Permitted uses under the current zoning include financial institutions, health services, retail, professional offices, restaurants, craft brewery, and apartment units. The existing building on the property requires TLC, however it could provide some holding income as a commercial property while you plan and design your redevelopment. This is a court-ordered sale. All offers must be accompanied by Schedule A, to be provided by the listing agent. (id:13843)
| MLS # | 10376603 |
|---|---|
| Listing Type | For Sale |
| Style | Residential Commercial Mix |
| Status | Active |
| Year | 1930 |
| Days On Site | 253 |
| Listing Provided By | Chamberlain Property Group | Steve Thompson |
| Acreage | 0.14 |
|---|
| Heating | Forced air, See remarks |
|---|---|
| Fireplace Yes / No | No |
| Roof | Asphalt shingle, Unknown |
|---|
| Parking Features | Other, Additional Parking |
|---|---|
| Parking Total | 1 |
| Sewer | Municipal sewage system |
|---|---|
| Water Source | Municipal water |
| Province | BC |
|---|---|
| City | Summerland |
| Postal Code | V0H1Z0 |
| Listing VS Median (in V0H1Z0) | |
Price: $350,000 low | high Med: $675,000 On site: 253 low | high Med: 103 | |
| Province | BC |
|---|---|
| City | Summerland |
| Postal Code | V0H1Z0 |
| Listing VS Median (in V0H1Z0) | |
Price: $350,000 low | high Med: $675,000 On site: 253 low | high Med: 103 | |